Triex Minerals Corporation

Published : September 17th, 2007

2007 Hornby Bay Basin Exploration Completed

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Diamond | K Street | Uranium |
======================================================================
2007 Hornby Bay Basin Exploration Completed
======================================================================

Vancouver, BC - Triex Minerals Corporation (TXM-TSX.V) ("Triex") and
Pitchstone Exploration Ltd. (PXP-TSX.V) announce the completion of
their $2.4 million Hornby Bay Basin exploration program for 2007.
Complete results will be released in the fall when all analytical data
is in hand.

The 50:50 joint venture (the "Joint Venture"), with Triex as operator,
is actively exploring four properties in the Hornby Bay Basin,
including the Mountain Lake uranium deposit located 100 kilometres
southwest of the coastal community of Kugluktuk, Nunavut. Total Joint
Venture land holdings cover approximately 221,000 hectares. Location
maps for the Mountain Lake, Dismal Lakes, Kendall River and Sandy Creek
properties are available on the company's website
(www.triexminerals.com).

Eleven Diamond drill holes were completed during the 2007 program for a
total of 2,818m. All drill holes were radiometrically probed with a
Mount Sopris 2PGA-1000 poly-gamma probe. Three holes at the northern
end of the Mountain Lake deposit intersected thin and weak zones of
radioactivity and have effectively delineated the northern margin of
the deposit. Eight holes were completed on two targets on the Dismal
Lakes property. No continuous zones of significant radioactivity were
intersected. More drilling is required to complete testing of the
eastern-most target at Dismal Lake. Further targets on the Mountain
Lake property (Helmut River and Jenny Lake) have yet to be drill
tested.

The Mountain Lake deposit contains the only identified uranium resource
in the Hornby Bay Basin (Inferred Mineral Resource of 8.2 million
pounds U3O8, with an average grade of 0.23% U3O8 contained in 1.6
million tonnes of rock (see NI 43-101 Technical Report on SEDAR).

Data from the 2007 surface exploration will both refine existing drill
targets, and potentially identify new ones with focus on three fields
of radioactive sandstone boulders for which the sources of have yet to
be identified. The boulder uranium content from these fields is similar
to those spatially associated with the Mountain Lake deposit (see News
Release dated April 26, 2007). Work in 2007 included:

- 375 line-kilometres of ground-based resistivity surveys over parts of
the Kendall River, Mountain Lake and Dismal Lakes properties.

- Regional scintillometer prospecting and soil sampling on one
kilometre spaced lines over most of the Kendall River, Dismal Lake and
Mountain Lake properties, and parts of the Sandy Creek property. A
total of 177 mandays were spent prospecting and collecting 3,659 soil
samples. All samples have been shipped to the Saskatchewan Research
Council for analysis. Data are not expected until October.

-Preliminary uranium extraction studies have been completed on a
composite core sample from the Mountain Lake deposit.

Allan Armitage, Ph.D., P.Geol., is a Qualified Person as defined by
National Instrument 43-101, and is responsible for program design and
quality control of exploration undertaken by the Joint Venture in the
Hornby Basin. This release has been reviewed by Dr. Michael Gunning,
Ph.D., P.Geo., President of Triex and a Qualified Person as defined by
National Instrument 43- 101.

Triex is a Canadian junior mineral exploration company focused on
uranium opportunities in North America. The company is working in three
proven districts, advancing nine core projects which span grass roots
reconnaissance exploration to advanced-stage resource delineation. The
2007 exploration budget is $8.7 million.

TRIEX MINERALS CORPORATION

"Michael Gunning"

Michael Gunning, President

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.

650 West Georgia Street, Suite 1410, Vancouver, British Columbia V6B
4N8 Telephone: 604-687-6680 Facsimile: 604-687-1448
www.triexminerals.com

======================================================================
Copyright (c) 2007 TRIEX MINERALS CORPORATION (TXM) All rights
reserved. For more information visit our website at
http://www.triexminerals.com/ or send mailto:info@triexminerals.com
======================================================================
.

Triex Minerals Corporation

CODE : TXM.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Triex Minerals is a exploration company based in Canada.

Triex Minerals is listed in Canada. Its market capitalisation is CA$ 5.6 millions as of today (US$ 5.6 millions, € 3.8 millions).

Its stock quote reached its lowest recent point on December 31, 2003 at CA$ 0.14, and its highest recent level on December 31, 2007 at CA$ 6.50.

Triex Minerals has 19 962 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Option Grants of Triex Minerals Corporation
1/27/2009Stock Options Granted
1/29/20082008 Exploration Budget And Stock Options Granted
Project news of Triex Minerals Corporation
5/21/2008(Roca Honda)Acquisition And Exploration Update
2/8/2008(Roca Honda)Athabasca Basin Exploration Update
1/24/2008(Horny Bay)2008 Hornby Bay Exploration Program
11/14/2007(Roca Honda)Athabasca Basin Update
11/6/2007(Dismal Lake)Purchase of Hornby Basin Joint Venture Properties Completed
5/9/2007(Mountain Lake)Drilling is Underway in the Hornby Basin
6/7/2006(Boulder Creek)and Full Metal commence drilling at Boulder Creek uranium de...
Corporate news of Triex Minerals Corporation
9/29/2009Director Resignation
8/5/2009Announces New Director
5/22/2009Athabasca Basin Winter Drill Programs Complete
1/8/2009Drilling Starts at Pasfield Lake, Saskatchewan
8/28/20082008 Hornby Basin Drill Program Is Completed
7/17/2008Exploration Update
5/26/2008Warrant Extension
4/8/2008Exploration Update
12/20/2007$6,271,100 Financing Closed
12/5/2007 Updates Financing
11/29/2007 Announces $7.0 Million Financing
11/20/2007New Acquisition in Athabasca Basin
10/24/2007 and Full Metal Minerals: 2007 Alaska Program Completed - Ne...
9/17/20072007 Hornby Bay Basin Exploration Completed
9/11/2007Exploration Update for the Athabasca Basin
5/3/2007Acquires Stony Road Property, Eastern Athabasca Basin, Saska...
5/1/2007Drilling is Complete and More is Planned at Pasfield Lake Pr...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (TXM.V)
0.280+3.70%
Last quotes and information before delisting
Prev close Open
0.270 0.270
Low High
0.270 0.280
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.280 -%
Volume 1 month var.
90,000 -%
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 3/11/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.66-0.78%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.20-0.49%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.52-0.76%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.63-0.38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.45+1.39%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.23+9.52%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.90+1.06%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 53.14+0.81%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :